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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Asset Acquisition [Line Items]  
Schedule of Aggregate Preliminary Acquisition Date Fair Value of Consideration Transferred

The acquisition did not meet the definition of a business combination and was accounted for as an asset acquisition. The acquisition date fair value of the consideration transferred consisted of the following (in thousands):

 

 

 

Fair Value as of December 31, 2021

 

Cash payment made on closing date

 

$

1,000

 

Direct transaction costs

 

 

213

 

Equity issued on closing date

 

 

14,426

 

Fair value of deferred cash consideration

 

 

2,400

 

Fair value of contingent consideration

 

 

2,615

 

Total purchase consideration

 

$

20,654

 

Schedule of Allocation of the Fair Value of the Consideration Transferred by Major Class

The allocation of the total purchase price is as follows (in thousands):

 

 

 

December 31,

 

 

 

2021

 

Inventories

 

$

54

 

Developed technology

 

 

20,600

 

Net assets acquired

 

$

20,654

 

Schedule of Intangible Asset Acquired, Estimated Useful Life and Amortization Method

The intangible asset acquired, estimated useful life and amortization method is as follows (in thousands):

 

 

 

 

 

 

Estimated useful

 

Amortization

 

 

Amount

 

 

life

 

method

Developed technology

 

$

20,600

 

 

8 years

 

Straight line